Answer:
B) excess insurance
Explanation:
Excess insurance is also known as excess waiver insurance and is amount that will be paid in case of an accident that exceeds normal insurance cover. The amount covered by excess insurance is agreed between the beneficiary and the insurance company.
It protects one against excess charges in cases where a car is stolen or damaged.
For example of you hire a car that has standard insurance, and it is involved in an accident. If the damage is above the limit of insurance cover you will have to pay the rental company the excess for the repairs. Excess insurance covers costs that are high, with some covering up to $6,000.
So if ABC purchases insurance for part of property loss that exceeds $1 million, they are purchasing excess insurance to protect themselves from loss.
Answer:
d
Explanation:
The question needs more detail to be answered...at least by me:-(
Answer:
B) The company should have 8 production runs each year
Explanation:
Given :
Uniform annual demand, = 16000
Total cost, C = 500y + 2x
xy = 16000
Let's substitute 
for x in C.
Therefore, we have :
In order to minimize the total storage and setup costs,
Differentiating wrt y:
In order to minimize the total storage and setup costs, the company should have 8 production runs each year
Answer: $4,950
Explanation:
If the company is using the First In First Out method for Inventory valuation then the earlier inventory is sold off first which would mean that the inventory at year end will be the more recent inventory.
The 25 units at the end of the year will be the most recent units purchased and so will be;
20 units from the third purchase
5 units from the 2nd purchase
Inventory value = (20 * 195) + ( 5 * 210)
= $4,950
<em>The options are not for this question. </em>
Answer:
Number 4. I just did this on odyssey ware
Explanation:
